First Solar sells California project to NRG
U.S. solar power leader First Solar said on Monday that it was selling the first of its utility-scale solar power projects in California to national power plant operator NRG Energy.
The companies did not disclose financial terms of the deal.
First Solar will operate the 21-megawatt solar power project for NRG Energy under a long-term contract, the company said in a statement.
Macquarie Securities analyst Kelly Dougherty said in a note to clients that the news "is an incremental positive" for First Solar and will likely add to the company's revenue for the fourth quarter.
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